Nifty Prospects

Friends,

Lockdown lift off us now in sight and may happen in a few days or a few weeks, The QI performance for most companies will be poor only but whenever a normal kind of performance is achieved by companies in general in a quarter after current quarter then the respective share prices would soon recover to their level prevailing previous to lockdown announcement. This will see Nifty rise to a level between 11350 to 12650. I am basing this premise of addition to book values of the companies and to absence of fresh capacity creation in most sectors for some time more. Govt will push hard to catch up with the lost ground in economic field and therefore there will a general surge in demand for goods and services. There would be greater supply of money in market too. All this together may see Nifty go up to catch 16650 level by May ’21.

Krishna Khandelwal

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